Statement of Income

Who is this for?
A Statement of Income can have many different uses. For some businesses it can help them identify where they can cut costs or increase revenue. For others it can help them make decisions on possible investments or purchases. For self-employed or sole-traders it can prove to a broker, lender or partner that your official income is what you say it is - a bit like a payslip.

What do you need to provide?
You will need an up-to-date chart of accounts for the past financial year. This means that all transactions must be fully identified and reconciled, and you must be satisfied that the year-end balance shown is truthful and accurate to the best of your knowledge. Your chart of accounts must be in a browser-based cloud accounting platform (we support Xero, Quickbooks Online, Wave, Freshbooks and Sage Online) which is able to provide remote access to our CPA team - typically this is done by adding an advisor in the account settings. You will also need to provide confirmation that you have all relevant receipts and invoices saved in a physical or digital format for reference, as required by law. Please make sure you can provide all of these things prior to purchasing this mini.

What do you get?
After a private consultation with a Chartered Professional Accountant (CPA), you'll get a drafted Statement of Income for review based on the information you supply. You'll have the chance to check everything, ask questions and make any changes before we finalize it. You can then choose the format / file type you'd like the Statement of Income in.

How long will it take?
If you have all your accounts in order and respond promptly to any requests, it will typically take around a week to generate a Statement of Income from the initial booking. It will also depend on how complex your accounts are, but you will get email support throughout the process where we can update you on our progress as we proceed.

What happens after you purchase this mini?
After payment you'll need to fill in a brief form for our team so they can prepare for your booking, and then choose a time to talk with our CPA team by private video call. In this 30 minute call we'll ask you some general questions about your current business for context - then begin answering any questions you may have. We'll then mutually agree on a plan (and timeline) and get started immediately on your Statement of Income.